Medical Robots Market Industry Demand, Key Growth Opportunities Forecast To 2027

Precision Business Insights published a research report on “Medical Robots Market : By Product Type (Instruments and Accessories, Robotic Systems(Surgical Robots, Rehabilitation Robots, Non-invasive Radiosurgery Robots, Hospital Automation Robots, Pharmacy Automation Robots, IV Robots)), By Application Area (Neurology, Orthopaedic, Cardiology, Laparoscopic, Pharmacy,Others) ,By Enabling Technologies (Gesture Control, Machine Vision, Speech/Voice Recognition, Tactile Sensors), By End-User (Hospitals, Rehabilitation Centres, Diagnostic Centres, Radiological Centres, Research Labs), and Geography - Global/Region/Country Forecast to 2027”.

Medical robots are professional service robots that are utilised both within and outside of hospitals to improve patient care. They reduce medical staff workloads, allowing them to spend more time directly caring for patients while also establishing a robust operational method that ensures efficacy and lower costs for healthcare services. Medical robot sales surged by 73 percent in 2017 over 2016, accounting for 2.7 percent of total professional service robot sales, according to the International Federation of Robotics World Robotics 2018 Service Robots. Due to the increasing in the senior population, medical roots are being used to perform minimally invasive procedures on patients, making them cost-effective. Medical Robots are being used in a variety of applications, including telepresence robots for remote caregiving, disinfection robots to prevent hospital-acquired infections, and robotic exoskeletons that give external support and muscular training for rehabilitation. In a hospital setting, medical robots are utilized to transport drugs and other sensitive materials. The Healthcare Industry of India's Initial Public Offerings (IPOs) are expected to accelerate market growth.

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The key factor driving market expansion is the increasing application of robot-assisted training in Rehabilitation Therapy. Robotic Rehabilitation Therapy is beneficial for patients with motor problems caused by stroke or spinal cord disease because it provides high-dose and high-intensity training. An end-effector and an exoskeleton are two robotic devices used for motor rehabilitation. The application of robot-assisted treatment is for the improvement of gait function in stroke patients. Robotics company focused on enabling rehabilitation and assistive solutions for patients suffering from neurological disorders, announced in May 2019 that the Robot-Assisted Training for the Upper Limb after Stroke (RATULS) trial had been completed using the Companies In Motion Robotic Therapy Systems. Market growth is likely to be fueled by technological advancements. In the field of medical robotics, there have been five notable trends. The blood nanobots, which imitate a person's WBCs in order to fight infections. Melanoma detection devices, which reduce the number of biopsies, Bon Appetit with Bestic, an FDA-approved remote presence robot, and PARO, a medical robot seal used as a stuffed animal to treat youngsters with developmental impairments, are among the others. The market economy is projected to grow as disbursements and funding for medical robot businesses expand.

The Global Medical Robots Market is fragmented based on Product, Application, and Geography. In terms of Product, the Global Medical Robots market is divided into Instruments and Accessories and Robotic Systems. In terms of Application, the Global Medical Robots market is categorized into Orthopedic Surgeries, Laparoscopy, Neurosurgeries, and Pharmacy Applications.

North America is expected to account for the greatest share of the market, followed by Europe. The surge in surgical robot use in developing countries, advantageous reimbursement scenarios for medical robot scientific research, and the accessibility of advanced medical robots are all factors to consider.

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Some of the major key players in the medical robots market are Stryker Corporation (U.S.) Vecna Robotics (U.S.) Varian Medical Systems (U.S.) Intuitive Surgical, Inc. (U.S.) Kirbey lester (U.S.) Hocoma AG (Switzerland) Houston Medical Robotics, Inc. (U.S.) Kinova Robotics (Canada) IRobot Corporation (U.S.) Otto Bock Healthcare (Germany)

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